Nvidia (NVDA) Stock Moving as OpenAI Unveils Plans to Develop AI Chips
Share:
The artificial intelligence race has certainly heated up over the last week. Indeed, Nvidia (NVDA) stock has been moving as ChatGPT developer OpenAI announced it is setting in motion plans to develop its own AI chips. The move would see it take on the AI chipmaker as it looks to lessen reliance on Nvidia.
Premarket trading saw NVDA shares fall following the reports. However, that quickly changed, as the company’s stock value jumped as much as 3.9% in early trading hours. The presence of DeepSeek plummeted the value of the company just a few weeks ago, but it doesn’t seem the latest competition has had the same effect.
Also Read: Nvidia (NVDA) Jumps Amid US, China Faceoff: Is Stock a Buy or Sell?
Nvidia and OpenAI To Go Head-to-Head as ChatGPT Developer Announce Plans for AI Chips
2025 has continued to be volatile for Nvidia, although there is no shortage of reasons for that to be the case. There is growing geopolitical tension between the US and China, and a brewing trade war has impacted a plethora of stocks. Yet, it has also faced increased competition that continued Monday.
The growing AI sector has seen an influx of demand take place, driving more participants in the surging market. That continued with a notable development by one of the biggest names in the industry. Specifically, Nvidia (NVDA) is set to compete against ChatGPT developer OpenAI, as the firm announced it will begin making its own AI chips.
Also Read: Nvidia (NVDA): Why Stock May Get a Boost From META, Microsoft
The company is reportedly already closing on completing the design for its very first AI chip, according to a VOI report. Moreover, its presence will seek to reduce the overall dependence on Nvidia. The trouble is, a lot of that dependence had driven the stock price. Therefore, it is fair to question what could happen now.
Wall Street still greatly believes in Nvidia, and that has been proven. Agus analyst Jim Kelleher recently told investors that the company remains “unmatched by competitors.” That was in response to the arrival of DeepSeek, which has a significant cost advantage. Yet, if the stock’s movement on Monday says anything, it’s that investors are still betting on NVDA’s benefit. Moreover, all the talk of competition could end up being good for business.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Wall Street upgrades Nvidia and Alphabet’s stocks ahead of Wednesday earnings
NVIDIA Q3 Earnings November 19: What To Expect From The World’s Leading Chipmaker
Nvidia (NVDA) Stock Moving as OpenAI Unveils Plans to Develop AI Chips
Share:
The artificial intelligence race has certainly heated up over the last week. Indeed, Nvidia (NVDA) stock has been moving as ChatGPT developer OpenAI announced it is setting in motion plans to develop its own AI chips. The move would see it take on the AI chipmaker as it looks to lessen reliance on Nvidia.
Premarket trading saw NVDA shares fall following the reports. However, that quickly changed, as the company’s stock value jumped as much as 3.9% in early trading hours. The presence of DeepSeek plummeted the value of the company just a few weeks ago, but it doesn’t seem the latest competition has had the same effect.
Also Read: Nvidia (NVDA) Jumps Amid US, China Faceoff: Is Stock a Buy or Sell?
Nvidia and OpenAI To Go Head-to-Head as ChatGPT Developer Announce Plans for AI Chips
2025 has continued to be volatile for Nvidia, although there is no shortage of reasons for that to be the case. There is growing geopolitical tension between the US and China, and a brewing trade war has impacted a plethora of stocks. Yet, it has also faced increased competition that continued Monday.
The growing AI sector has seen an influx of demand take place, driving more participants in the surging market. That continued with a notable development by one of the biggest names in the industry. Specifically, Nvidia (NVDA) is set to compete against ChatGPT developer OpenAI, as the firm announced it will begin making its own AI chips.
Also Read: Nvidia (NVDA): Why Stock May Get a Boost From META, Microsoft
The company is reportedly already closing on completing the design for its very first AI chip, according to a VOI report. Moreover, its presence will seek to reduce the overall dependence on Nvidia. The trouble is, a lot of that dependence had driven the stock price. Therefore, it is fair to question what could happen now.
Wall Street still greatly believes in Nvidia, and that has been proven. Agus analyst Jim Kelleher recently told investors that the company remains “unmatched by competitors.” That was in response to the arrival of DeepSeek, which has a significant cost advantage. Yet, if the stock’s movement on Monday says anything, it’s that investors are still betting on NVDA’s benefit. Moreover, all the talk of competition could end up being good for business.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Wall Street upgrades Nvidia and Alphabet’s stocks ahead of Wednesday earnings